Thalassa Holdings: Further to the Company‘s announcement of 19 April 2017, the board of directors (the “Board“) of THAL wishes to update the Market in respect of the ongoing disposal discussions.
The Board has received an indication of interest from an industry participant for the potential acquisition of 100% of the business and assets of WGP Group Ltd. The interested party has commenced preliminary due diligence and the on-going discussions may or may not lead to a letter of intent. In addition, as part of the potential transaction, the Company may enter into an agreement to grant the interested party an option to invest in Autonomous Robotics Ltd, subject to reaching mutually agreeable terms.
The Board fully expects that due diligence will be completed in the next few weeks and that negotiations should be completed shortly thereafter. The Board will continue to apprise the market of developments as they occur.
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
Shares in Thalassa were up 9.1% at 72.00 pence Monday morning 26 June 17.